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Oct 8, 2012
10/12
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it is the bottle tax. the liquor tax. 9%. now they want to do this. when is it going to stop? >> supporters disagree. a decade ago, d.c. change its practice. small retailers who sold beer and wine currently maintain their licenses. another poll by the center for alcohol policy fined 70% of those surveyed said state regulations are needed because out called is different from other consumer goods. 79% said alcohol is not just like a toilet paper or tinfoil. small-business owners are concerned that national chains will take over. >> that money, follow the money. big business. >> the mayland -- the maryland retailers association declined to comment. the national chain stores are offering a so-called sweeteners. they will push for changes in the law to allow beer and wine shops to ship their products to consumers. >> maryland jobs and schools commissioned an economist to study the economic impact of expanded gambling. if questions 7 wynns, maryland wins. >> the goal here is to maximize economic impact. by maximizing the economic impact, the state benefits from fiscal and tax -- imp
it is the bottle tax. the liquor tax. 9%. now they want to do this. when is it going to stop? >> supporters disagree. a decade ago, d.c. change its practice. small retailers who sold beer and wine currently maintain their licenses. another poll by the center for alcohol policy fined 70% of those surveyed said state regulations are needed because out called is different from other consumer goods. 79% said alcohol is not just like a toilet paper or tinfoil. small-business owners are...
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Oct 4, 2012
10/12
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federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax. it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions. the same idea behind bowles simpson, by the way, get the rates down, lower exemptions to create jobs. because there's nothing better to get to us a balanced budget than to have more people working, earning more money, paying more taxes. that's by far the most effective and efficient way to get this budget balanced. >> jim, you may want to move on to another topic, but i would just say this to the american people. if you believe that we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for, $7 trillion, just to give you a sense over ten years, that's more than our entire defense bu
federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax. it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions. the same idea behind bowles simpson,...
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Oct 4, 2012
10/12
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is this a buy and do you think the mlp distributions will be taxed as c corp distributions if the tax credits expire in 2013? >> i'm going to take them backwards. i think the tax credit is going to be fine. enterprise partners is terrific. and i'm torn playing hernandez. who i think could play this weekend or sticking with daniels got me points in the fantasy league. let's go to vince in california. vince? >> caller: boo-yah, cramer. >> boo-yah. >> caller: talk to me about uhn? this is a king of prussia company. i used to beat them consistently. i've got to tell you, i believe in this company. i think it's one of the best. i also want to reiterate that i think that the health care reits represent the best value right now in the real estate investment trust group. may i just mention one second, which bought sunrise cheaper living? i think that stock is still cheap at at. i want to go to jack in pennsylvania. jack? >> caller: good afternoon, jim. this is jack from bucks county, pennsylvania, calling. i'm interested in wprt, westport innovations. i bought it maybe six months ago and have
is this a buy and do you think the mlp distributions will be taxed as c corp distributions if the tax credits expire in 2013? >> i'm going to take them backwards. i think the tax credit is going to be fine. enterprise partners is terrific. and i'm torn playing hernandez. who i think could play this weekend or sticking with daniels got me points in the fantasy league. let's go to vince in california. vince? >> caller: boo-yah, cramer. >> boo-yah. >> caller: talk to me...
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Oct 2, 2012
10/12
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give $14.85 sans tax considerations but we haven't talked about the core business yet. right now it's trading at $15.82. in other words, when you consider the stake in yahoo! japan and the remaining stake in ali baba which is worth a bundle and the cash which is well, cash, then the market is valuing the core business, yahoo! search, yahoo! finance, yahoo! sports, these stocks, tremendous gravitas, at $1 a share. yahoo! believes it's worth $7.17 which means it it was to trade at $22. that's a remarkable, remarkable move you need to catch. it could be worth even more frankly. if you believe as i do that she has what it takes to turn this business around. again, i need to see mobile and i need to see social because that's where all the winners in tech have. bottom line when yahoo! was a headless company with no strategy for monetizing its assets it made sense for the stock to trade down here. now it has leadership and a turn around plan that we'll hear more about and the company is unlocking the hidden value like with ali baba. that means the stock goes higher. i say cong
give $14.85 sans tax considerations but we haven't talked about the core business yet. right now it's trading at $15.82. in other words, when you consider the stake in yahoo! japan and the remaining stake in ali baba which is worth a bundle and the cash which is well, cash, then the market is valuing the core business, yahoo! search, yahoo! finance, yahoo! sports, these stocks, tremendous gravitas, at $1 a share. yahoo! believes it's worth $7.17 which means it it was to trade at $22. that's a...
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Oct 1, 2012
10/12
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they would have to prove they or their parents paid state taxes. some say there would be a burden on the state. >> president obama and mitt romney are getting some practice before going head-to-head on wednesday in the first presidential debate. hallie jackson has more. good morning. >> both candidates are taking these few days to lower expectations. they're talking up the other guy. >> governor romney is a good debater. i'm just ok. >> and so it continues, setting expectations. >> i think people should expect mitt romney will come in very prepared. >> president obama is a gifted speaker. >> paul ryan downplayed how much this debate may mean to the campaign. >> the campaign has not had a good two weeks. it changes on wednesday night. >> both sides are promising a substantive look on at once the night. a night that will focus on domestic policy. >> we will say where we are as a country and where we need to go. >> john mccain cautioned don't expect any major breakthroughs. >> the candidates are well scripted. >> who is the alpha dog? that is what we
they would have to prove they or their parents paid state taxes. some say there would be a burden on the state. >> president obama and mitt romney are getting some practice before going head-to-head on wednesday in the first presidential debate. hallie jackson has more. good morning. >> both candidates are taking these few days to lower expectations. they're talking up the other guy. >> governor romney is a good debater. i'm just ok. >> and so it continues, setting...
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Oct 5, 2012
10/12
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WBAL
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which was even more awkward since the question was "can you explain your tax plan?" [ laughter ] after months of build-up, last night was the first presidential debate at the university of denver. of course, a lot of big names didn't show up for the event. joe biden, nancy pelosi, president obama. no, he just didn't -- [ light laughter ] [ boos ] it was not a good night. not a good night for the president. in fact, the president seemed to give long-winded, disjointed answers during last night's debate. even gary busey was like, "dude, you got to focus. [ laughter ] focus. first, one can understand stuff." [ laughter ] that's right. romney was the big winner last night and in case you missed his performance, we boiled it down to just the best parts. here, take a look. >> big bird -- grabbed my arm -- and said -- i'm coming for -- you -- rich guy. [ laughter and applause ] >> jimmy: i read that a lot of people were -- played drinking games last night, during the debate, where they -- they took a shot when someone said a certain word. yeah. the word for obama was "jobs.
which was even more awkward since the question was "can you explain your tax plan?" [ laughter ] after months of build-up, last night was the first presidential debate at the university of denver. of course, a lot of big names didn't show up for the event. joe biden, nancy pelosi, president obama. no, he just didn't -- [ light laughter ] [ boos ] it was not a good night. not a good night for the president. in fact, the president seemed to give long-winded, disjointed answers during...
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Oct 8, 2012
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. >> not in favor of a $5 trillion tax cut. >> not going to take away from his theatrical performance. he did a superb job. he did everything but learn a tap dance. >> the president poked a little fun at himself at a concert. >> they perform flawlessly night after night. i can't always say the same. >> but now the pressure is on for the vice presidential candidates to perform as they go head-to-head later this week. >> vice president biden and representative paul ryan face off thursday night in kentucky. in washington, i'm hallie jackson, wbal-tv 11 news. >> 5:38, 48 degrees at the airport. smoking can cause lung cancer. it's not so simple how your genes can complicate the connection. >> kids with autism. what it is and how to intervene next in the medical alert. >> tawneytown, close euros in effect on 194. upda >> 5:40. 48 degrees in the maryland science center. cooler in the suburbs. might want to take a heavier jacket with you. frost in the far western suburbs. frederick, carroll county. not around baltimore. 40 in randallstown. the forecast, increasing clouds. going to get sunshin
. >> not in favor of a $5 trillion tax cut. >> not going to take away from his theatrical performance. he did a superb job. he did everything but learn a tap dance. >> the president poked a little fun at himself at a concert. >> they perform flawlessly night after night. i can't always say the same. >> but now the pressure is on for the vice presidential candidates to perform as they go head-to-head later this week. >> vice president biden and representative...
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Oct 8, 2012
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. >> not in favor of a $5 trillion tax cut. >> mitt did a superb acting job. he did everything but learn a tap dance. >> the president poked a little fun at himself at an l.a. concert featuring stars like stevie wonder. >> they performed flawlessly night after night. i can't always say the same. >> but now, the pressure is on for the vice presidential candidates to perform ashey go head-to-head later this week. >> back live here in dc. and, yeah, vice president biden and representative paul ryan face off on thursday night in kentucky. anticipation for that on both sides. >> what can we expect to see in that debate? >> it's going to look and feel a lot different presumably than 2008 when joe biden and sarah palin went head-to-head. they're going to be policy heavy. specific on substance. biden doesn't have any public events scheduled until thursday when he's in wilmington, in delaware getting ready for this. paul ryan telling one outlet he expected to come at him like a cannonball. interesting to see and may change the narrative this weekend later into the week
. >> not in favor of a $5 trillion tax cut. >> mitt did a superb acting job. he did everything but learn a tap dance. >> the president poked a little fun at himself at an l.a. concert featuring stars like stevie wonder. >> they performed flawlessly night after night. i can't always say the same. >> but now, the pressure is on for the vice presidential candidates to perform ashey go head-to-head later this week. >> back live here in dc. and, yeah, vice...
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Oct 7, 2012
10/12
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romney to own his record against the auto rescue and against the 47% and against showing his personal taxes. was there a reason obama didn't want 70 million people to know his best case? finally, rematch. will the town hall format of the next debate give barack obama a chance to show greater empathy. and will mitt romney be just as good when people ask the questions? hi, i'm chris matthews. welcome to the show. with us today, abc's sam donaldson, nbc's andrea mitchell, msnbc s.e. cupp and joe klein. the new jobs report gives the obama campaign a much-needed assist after the debacle wednesday night in denver. the debate's closing statements told the tale. the president was down and mitt romney was up. >> you know, four years ago we were going through a major crisis, and yet my faith and confidence in the american future is undiminished. >> it's an important election and i'm concerned about america. i'm concerned about the direction america has been taking over the last four years. what kind of america do you want to have for yourself and your children? chris: and the impact wednesday night c
romney to own his record against the auto rescue and against the 47% and against showing his personal taxes. was there a reason obama didn't want 70 million people to know his best case? finally, rematch. will the town hall format of the next debate give barack obama a chance to show greater empathy. and will mitt romney be just as good when people ask the questions? hi, i'm chris matthews. welcome to the show. with us today, abc's sam donaldson, nbc's andrea mitchell, msnbc s.e. cupp and joe...
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Oct 5, 2012
10/12
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. >> why wouldn't we eliminate tax breaks for corporate jets? my attitude is if you got a corporate jet, can you probably afford to pay full freight, not get a special break for it. >> now watch romney on defense. >> finally, military. the president's re-elected, you'll see dramatic cuts to our military. the secretary of defense said these would be even devastating. i will not cut our commitment to our military. >> if you're like me, you realize the general dynamics is at the fulcrum of both of these issues. if president obama is going back to that 2009 rhetoric, orders for gulf stream jets could be hammered. when you think of big defense programs that could be boosted by a romney presidency, go no further than general dynamics. you can see a real hit to earnings if the budget cuts become a reality. romney is unintentionally green lighting lockheed martin and grumman. now about half way into the debate romney gave us a fabulous short idea with this clip. >> you put $90 billion, like 50 years worth of breaks into solar and wind to solyndra and te
. >> why wouldn't we eliminate tax breaks for corporate jets? my attitude is if you got a corporate jet, can you probably afford to pay full freight, not get a special break for it. >> now watch romney on defense. >> finally, military. the president's re-elected, you'll see dramatic cuts to our military. the secretary of defense said these would be even devastating. i will not cut our commitment to our military. >> if you're like me, you realize the general dynamics is...
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Sep 30, 2012
09/12
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the one tax that will come down is the uncertainty tax. the uncertainty of washington politics will be positive for the u.s. economy. >> that's true. companies have been in lockdown mode. they don't want to make a decision with uncertainty out there. >> it is infuriating. >> it is. >> watching washington not understand the incredible drag they put on the u.s. economy by not making a decision. american business is very good at makes money if they tell you the rules of the game. it is like you are playing the first half of the game but you don't know the rules the second half. what does everybody do? they wait and see. getting past that, a plan to bring the deficit down gradually and knowing the taxes over the next decade would be positive for the u.s. economy. i wish we could get there. >> i couldn't agree more. it is infuruating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there is no agreement because they are losing federal dollars of the federal programs that are going away. we w
the one tax that will come down is the uncertainty tax. the uncertainty of washington politics will be positive for the u.s. economy. >> that's true. companies have been in lockdown mode. they don't want to make a decision with uncertainty out there. >> it is infuriating. >> it is. >> watching washington not understand the incredible drag they put on the u.s. economy by not making a decision. american business is very good at makes money if they tell you the rules of the...
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if you look at the chart, you can see that the most income from our taxes come from individual taxes. the third bar is corporate taxes and you can see the 7.9%. now, we have about $200 billion from corporate taxes. that is how much our government received from corporations. that was for prfits in the year 2011. $2 trillion. if you can figure it out, that's a 10% tax rate. in other words, there are so many deducons and special deals for the high rollers, the big people. even at 35%, we don't get a good deal. neil: mitt romney got in trouble when he tried to clarify just that view. but i'm not going to lower taxes as much as you think, i'm going to get rid of a lot of deductions and he left himself open to critics who said wait a minute, you were tax cuts are worth the paper they are printed on. but the goal is to get to a simpler tax code that when you takout some of the extraneous write-offs and allowances, credits, etc., and that he will get it something that makes it a black-and-white case,. >> and there is a question which is why don't politicians wanted. you would assume that they
if you look at the chart, you can see that the most income from our taxes come from individual taxes. the third bar is corporate taxes and you can see the 7.9%. now, we have about $200 billion from corporate taxes. that is how much our government received from corporations. that was for prfits in the year 2011. $2 trillion. if you can figure it out, that's a 10% tax rate. in other words, there are so many deducons and special deals for the high rollers, the big people. even at 35%, we don't get...
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Oct 8, 2012
10/12
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and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert, heads to san francisco today with romney's poll numbers improving. >> they're looking very good. >> reporter: after the debate, romney is within two points of the president. and tomorrow, both candidates head to ohio, battleground ohio, where early voting is already under way. tomorrow is the last day to register to vote there. veronica? >> thank you. mitt
and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan....
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Oct 7, 2012
10/12
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i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you did say he was fundamentally dishonest after debating him in the primaries. this is not a new attack against romney policy. >> no. and i think that the challenge for the obama people is pretty simple. the president of the united states had 90 minutes. now, if he had done his homework and actually prepared, if he had actually studied romney, why didn't he say it? why didn't he take romney head on? first of all, the charges on the tax cuts are plain wrong, and i think virtually every analyst has said and even your deputy campaign manager said the charges made are wrong. but forgetting tha
i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you...
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Oct 7, 2012
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. >> up next on 11 news, avoid paying higher taxes in the new year. tips to save on your bottom line and feel the magic as the orioles prepare to take on the yankees. a look at preparation. >> a chilly rain falling out there across most of the area right now. what to expect if you're going what to expect if you're going to the o's game.
. >> up next on 11 news, avoid paying higher taxes in the new year. tips to save on your bottom line and feel the magic as the orioles prepare to take on the yankees. a look at preparation. >> a chilly rain falling out there across most of the area right now. what to expect if you're going what to expect if you're going to the o's game.
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Oct 1, 2012
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cuts, going beyond the extension of the bush tax cuts. he talks about raising defense spending. he rejects a 10 to one ratio of spending cuts to tax increases. simpson-bowles. you mentioned them. they say the math doesn't add up in the romney plan and he won't tell us how he thinks it does. >> well, listen. the country is hungry for bipartisan compromise, david. i agree with you,t( especially after the last four year was intense partisanship from this white house. and mitt romney is the only candidate in this race who has a record of showing he knows as an executive how to forge bipartisan compromise. as the governor of massachusetts, over 85% of his legislature democrats, he made things happen. and he will make things happen as president of the united states. and will forge the right type of compromise to get this done. and that's the way it's going to work. >> do you think that this governor romney should be in a situation where he's actually prepared to deal with revenue, to raise revenue, go against his party if it's part of a package
cuts, going beyond the extension of the bush tax cuts. he talks about raising defense spending. he rejects a 10 to one ratio of spending cuts to tax increases. simpson-bowles. you mentioned them. they say the math doesn't add up in the romney plan and he won't tell us how he thinks it does. >> well, listen. the country is hungry for bipartisan compromise, david. i agree with you,t( especially after the last four year was intense partisanship from this white house. and mitt romney is the...
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Sep 30, 2012
09/12
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lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing the foundation. lori: at the end of the day you need economic growth to be supportive of tax rates, and we are just come as you said, flat line at 1%. a revision, a downward revision. you know, hell are we going to get the overall growth rate higher? do we have to wait? obviously the election is so near, but are we just putting too much hope on to washington right now and not enough on good old fashion innovation and ingenuity? >> ingenuity and in this is great, but if government policies have thir foot on the throats of the innovators and those who have the ability to create jobs it will take them somewhere el
lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing...
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Oct 2, 2012
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goes over the so-called fiscal cliff in january, it will cost almost 90% of americans more in taxes for a total of $536 billion. taxes for a typical middle income family making 40 to $64,000 a year could go up by $2,000. >>> in california, governor jerry brown signed a bill that would allow half a million young illegal immigrants who qualify for the federal work permit program to obtain driver's licenses. >>> near hong kong at least 36 people were killed when a boat filled with holiday party goers collidewide a ferry and sank. it is the deadliest accident there in years. >>> a house in clam mouth falls, oregon, that was sold this summer turned out to be a meth lab. it had toxic chemicals 80 times. the family who bought the foreclosed house from the government got sick and now has few options. >>> the white house is lit up in pink to mark october as breast cancer awareness month. new york's empire state building is also bathed in pink. and even buckingham palace in london has gone pink to support the breast cancer awareness campaign >>> and now here's an early look at how wall street's g
goes over the so-called fiscal cliff in january, it will cost almost 90% of americans more in taxes for a total of $536 billion. taxes for a typical middle income family making 40 to $64,000 a year could go up by $2,000. >>> in california, governor jerry brown signed a bill that would allow half a million young illegal immigrants who qualify for the federal work permit program to obtain driver's licenses. >>> near hong kong at least 36 people were killed when a boat filled...
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Oct 4, 2012
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my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on middle-income families. you cite a study. six other studies look at the study you describe and say it's wrong. i saw a study that said today you are going to raise taxes $3- to $4,000 on middle-income families. throw the studies out there. the bottom line is, i want to bring the rates down, at the same time, lower deductions and exemptions and credits and so forth so we keep getting the revenue we need. you thinks, why lower the rates? and the reason is because small business pays that individualerate. 54% of
my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on...
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Oct 4, 2012
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third, taxes 18 and fourth, education.
third, taxes 18 and fourth, education.
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Oct 4, 2012
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be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big, bold idea is never mind. >> but the etch a sketching did not stop there. governor romney who once believed financial regulation was hurting the economy -- >> dodd frank it's called, has not helped enterprise get going, it's slowed it down. >> now seems to be a supporter of wall street regulation. >> want to repeal dodd/frank? >> and replace it. we're not going to get rid of regulation. some parts of dodd/frank that make all of the sense in the world. >> and back in june, romney mocked the president's crazy ideas about needing more
be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big,...
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Oct 3, 2012
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we understand the taxes will be incurred, i think i already know what the answer to that is. is getting rid of our credit card debt worth it? sharon? >> do you not want to touch your 401(k), but in this case it's not because i don't believe stealing from your future to pay for your debts right now. another factor. great that she has a job now, but she had been unemployed for 18 months. going to take her a while to get on solid footing. start paying off this credit card debt with whatever money she's bringing in. but, i don't want to advocate bankruptcy, but there may be a situation where it takes her longer than she -- she really doesn't have the wherewithal to get it all paid off. that may be an option for her and the reason why she doesn't want to touch that 401(k), don't want to mess the 401(k) is the creditors can't mess with it so that's something protected by the creditors. keep that 401(k), do not touch it. talk to a non-profit credit counsellor. find out whether or not debtadvice.org, great place to go to find one. see what they can say about getting your cash flow ba
we understand the taxes will be incurred, i think i already know what the answer to that is. is getting rid of our credit card debt worth it? sharon? >> do you not want to touch your 401(k), but in this case it's not because i don't believe stealing from your future to pay for your debts right now. another factor. great that she has a job now, but she had been unemployed for 18 months. going to take her a while to get on solid footing. start paying off this credit card debt with whatever...
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Oct 3, 2012
10/12
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WBAL
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that's a tax cut geared towards the wealthy. wants to give a $250,000 tax cut to multi-millionaires, but in order to pay for that, even mitt romney's own economists say we'll have to raise taxes on the middle class. that's exactly what crashed the economy and punished the middle class in the first place. you'll hear the president talk about that tonight, and we shouldn't return to those policies. we have to continue moving forward on the path that we're on. the president is rebuilding this economy in a way that's meant to last, with a strong middle class at its core. the last thing we should do is go back to the policies that crashed the economy in the first place. >> all right. >> that's what mitt romney and paul ryan are promising to do. >> stephanie cutter, we're out of time for the moment. thank you for your time this morning. >> thank you, savannah. >> watch tonight's debate live starting at 9:00 eastern, 6:00 pacific time right here on nbc. at 18 minutes past the hour, here's david. >> a big trial in italy capturing global
that's a tax cut geared towards the wealthy. wants to give a $250,000 tax cut to multi-millionaires, but in order to pay for that, even mitt romney's own economists say we'll have to raise taxes on the middle class. that's exactly what crashed the economy and punished the middle class in the first place. you'll hear the president talk about that tonight, and we shouldn't return to those policies. we have to continue moving forward on the path that we're on. the president is rebuilding this...
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Oct 7, 2012
10/12
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FOXNEWS
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my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on middle-income families. you cite a study. six other studies look at the study you describe and say it's wrong. i saw a study that said today you are going to raise taxes $3- to $4,000 on middle-income families. throw the studies out there. the bottom line is, i want to bring the rates down, at the same time, lower deductions and exemptions and credits and so forth so we keep getting the revenue we need. you thinks, why lower the rates? and the reason is because small business pays that individualerate. 54% of
my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on...
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so what i do is i bring down the tax rates. >> governor romney's proposal calls for a $5 trillion tax cut. the average middle class family with children would pay about $2,000 more. it is not possible to come up with enough deductions and loopholes that only affect individuals to avoid either raising the deficit or burdening the middle class. it's math. >> reporter: on medicare and social security,one agreement. >> neither the president nor are are i are proposing any changes. >> aarp has said that your plan would weaken medicare, substantially. >> romney fired back a a major debate moment that the president weakened the economy by his focus on health care. >> i don't know how the president could have come into office facing rising unploimt and spending energy and passion fighting for obama care. >> we did work on this alongside working on jobs. this is part of making sure that middle class families are secure in this country. >> a substantial debate. no zingers. i'm steve handles, nbc news, denver. >> as mentioned, we heard a t lo of promises from both candidates. did any resonate wi
so what i do is i bring down the tax rates. >> governor romney's proposal calls for a $5 trillion tax cut. the average middle class family with children would pay about $2,000 more. it is not possible to come up with enough deductions and loopholes that only affect individuals to avoid either raising the deficit or burdening the middle class. it's math. >> reporter: on medicare and social security,one agreement. >> neither the president nor are are i are proposing any changes....
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at the same time that my tax plan has already lowered taxes for 98% of families, i also lowered taxes for small bi businesses 18 times. what i want to do is continue the tax rates, the tax cuts that we put into place for small businesses and families. but i have said that for incomes over $250,000 a year, that we should go back to the rates that we had when bill clinton was president, when we created 23 million new jobs, went from deficit to surplus and created a whole lot of millionaires to boot. and the reason this is important is because by doing that, we cannot only reduce the deficit, we cannot only encourage job growth through small businesses, but we're able to make the investments that are necessary in education, or in energy. and we do have a difference, though, when it comes to definitions of small business. under my plan, 97% of small businesses would not see their income taxes go up. governor romney says, well, the top 3%, they're the job creators, they'd be burdened. but under governor romney's definition, there are millionaires and billionaires who are small business. do
at the same time that my tax plan has already lowered taxes for 98% of families, i also lowered taxes for small bi businesses 18 times. what i want to do is continue the tax rates, the tax cuts that we put into place for small businesses and families. but i have said that for incomes over $250,000 a year, that we should go back to the rates that we had when bill clinton was president, when we created 23 million new jobs, went from deficit to surplus and created a whole lot of millionaires to...
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Oct 4, 2012
10/12
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i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american people the truth. just as he did today in denver when he said he wasn't telling the truth. he should have looked him in the eye and said mitt romney, you are not telling the american people the truth. and then proceed to walk through as clinton would have done the mathematics to prove it. i don't think romney would have been smart enough to figure out how to get out of that hit, but obama ignored that opportunity and i think that's a mistake. joan, you're correct. he will everywhere he goes, he will save the day and correct what he didn't do last night, but 58 million people will not be able to be cont
i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american...
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Oct 3, 2012
10/12
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WBAL
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they are going to reap benefits from the tax base, that will increase. >> it is the organization taking a position that is an exception. one team member support same-sex marriage. another does not. both are making appeals regarding question 6 on the ballot. >> to support or discourage it. as long as everyone respects everyone's opinion. >> governor romney has an edge with sports teams owners, while players prefer president obama. and sports leagues spent a bundle lobbying congress on issues from on-line betting to internet privacy. in the studio, wbal-tv 11 news. >> we will see what happens when it comes to the november. that is all for us at 5:00. >> here is a look at 6:00. the first face-off between president obama and mitt romney, coming up. orioles fans out in force at tropicana field as they check out non-62. we will take a look at some of the more memorable moments from this unbelievable campaign. that is straight ahead. >> of baltimore city councilman on why the battle is not over between a business and neighbors. >> you are watching wbal-tv 11 news. live, local, late breaking. t
they are going to reap benefits from the tax base, that will increase. >> it is the organization taking a position that is an exception. one team member support same-sex marriage. another does not. both are making appeals regarding question 6 on the ballot. >> to support or discourage it. as long as everyone respects everyone's opinion. >> governor romney has an edge with sports teams owners, while players prefer president obama. and sports leagues spent a bundle lobbying...
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Oct 4, 2012
10/12
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WTTG
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tax rate, they are taxed at lower tax rate. but those top 3% employee half the -- those are the businesses that employ one-quarter of all the workers in america. your plan is to take that tax rate from 38% to 40%. federal income tax, federal payroll tax, state income tax, state sales tax, gasoline tax, it adds up to 50% oo what they earn. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of businesses has said that will cost 700,000 jobs. i don't want to cost jobs.+ my priority is jobs. what i'd do is bring down the tax rate, lower deductions and exemptions, the same idea behind bowles-simpson, by the way. get the breaks down, lower deductions and exemptions, to create more jobs. there is nothing better for+ getting us to a balanced budget and having more people working, earning more money, pay more taxes. that is by far the most effective and efficient way to get this budget balanced. >> you mmy want to move on to another topic, but i would just say to the american people
tax rate, they are taxed at lower tax rate. but those top 3% employee half the -- those are the businesses that employ one-quarter of all the workers in america. your plan is to take that tax rate from 38% to 40%. federal income tax, federal payroll tax, state income tax, state sales tax, gasoline tax, it adds up to 50% oo what they earn. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of businesses has said that will cost 700,000 jobs....
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Oct 8, 2012
10/12
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>> he proposes a 20% across-the- board tax cuts. >> marginal tax rate. >> alternative minimum tax. he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been ". ." we agree. that means we need to stop digging by electing mitt romney the next president of the united states. >> what did you think, jonathan? >> you talk to a lot of folks in the romney campaign and they say joe biden is the gift that keeps on giving. you saw him pause when he said four years. i think he meant to say the last 10 years, and it came out wrong. this is fodder for the obama campaign. it will not change, i do not think, in a huge way, the course of events, but there is no question the obama campa
>> he proposes a 20% across-the- board tax cuts. >> marginal tax rate. >> alternative minimum tax. he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their...
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Oct 4, 2012
10/12
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CURRENT
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federal tax, state tax, state income tax, gasoline tax, it added up to well over 50% of what they earned. and your plan is to take the tax rate successful small businesses from 35% to 40%. that will cost jobs. my priority is jobs so what i do is bring down the tax rates, lower deductions and exemptions. create more jobs because there's nothing better for getting us to an balanced budget than having more people working, earning more money paying more taxes, that's by far the more efficient way to get this balanced. >> obama: jim, i would just say this to the american people if you believe we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for -- $7 trillion just to give you a sense over ten year's that's more than our entire defense budget and you think that by closing loop holes and deductions for the well to do somehow you will not end up picking up the tab, then governor romney's plan may work for you, but i think math common sense and our history shows us that's not a recipe for job growth. we have tried this -- we have tried bot
federal tax, state tax, state income tax, gasoline tax, it added up to well over 50% of what they earned. and your plan is to take the tax rate successful small businesses from 35% to 40%. that will cost jobs. my priority is jobs so what i do is bring down the tax rates, lower deductions and exemptions. create more jobs because there's nothing better for getting us to an balanced budget than having more people working, earning more money paying more taxes, that's by far the more efficient way...